Which of the following statements is FALSE?

a$.$ Corporate finance is learning about how firms make value maximizing decisions. b$.$ A firm$$s goal to maximize the firm value is too narrow as it does not take into

consideration of employee satisfaction.

c$.$ A firm$$s manager with agency conflict may make value decreasing decisions,

such as paying unnecessary premium in an acquisition deal.

d$.$ Each of firm$$s investment, financing, and payout decisions can affect firm$$s

value.